System Update with Glenn Greenwald Former Greek Finance Minister Yanis Varoufakis: On Global Trade and Tariffs, EU Arming of Israel, Israeli Destruction of Gaza, & More
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May 10, 2025 
In this compelling discussion, Yanis Varoufakis, a renowned economist and former Greek finance minister, dives into the flaws of Trump's tariff plan and the rise of populism in Europe. He critiques the EU's increasing military spending and its concerning military support for Israel amid the Gaza conflict. Varoufakis shares insights from his time during Greece's debt crisis, emphasizing the impact of neoliberalism on global trade. The conversation highlights the urgent need for awareness and solidarity in the face of systemic injustices.
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Greece's 2015 Debt Battle
- Yanis Varoufakis shared his experience as Greece's finance minister resisting EU austerity in 2015.
- Despite winning a referendum, the government surrendered, revealing the harsh dynamics of neoliberal institutions.
Europe's Military Keynesianism Risk
- Europe’s shift to military Keynesianism is a toxic myth that risks stagnation and deeper austerity.
- Increasing military budgets at the expense of social programs fuels right-wing populism and undermines democracy.
Elites Ignore Popular Backlash
- Elites resist self-reflection because the current economic system enriches them despite harming the majority.
- Trump's rise result reflects betrayal by establishment elites, not just external influences like Russia or Facebook.
